Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (1254)	9/17/2009 3:19:05 PM
From: Jibacoa	Read Replies (1) of 1404

SEED The Chineese producer of hybrid crop seeds is doing well in spite of lower revenues. The stock is up for 2nd day on a roll and although it drifted down to the $6 level, it traded earlier above its Jun3 H of $6.31 and in the last 15 minutes, it has shown some indications that it wants to resume its intraday up-move. Will see, as we are now on the last hour of trading.<g> The stock opened with a good UG today,and volume of > 2,512,100 is about 20x its ADV bigcharts.marketwatch.com It announced today that it has reached a worldwide agreement with the Institute of Microbiology of the Chinese Academy of Sciences and Sichuan Biotech Engineering,which jointly own the rights to an internally developed gene which is highly tolerant to a glyphosate herbicide. This glyphosate-tolerance gene,is new to the consumer markets and is protected by patents granted separately by China and USA. The insiders hold close to 40%. The LTD is around 25%, The stock is not completely off from the longer-term DT coming from its Oct 2007 H at $15, but with some good news and a close above its June H, it could get to test the $8 or $10 level.<g> bigcharts.marketwatch.com Bernard

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